Twitter Stock Dives After Israel Threatens Legal Action Over Pro-Terrorism Tweets
The Israeli government is considering taking legal action against Twitter Inc. for ignoring repeated requests to remove online content that was inciting or supportive of terrorism, Israel's justice minister warned Tuesday. Twitter shares tumbled more than 10%, their biggest drop in eight months.
At a Jerusalem conference, Ayelet Shaked accused San Francisco-based Twitter of failing to contribute to Israel's fight against online incitement, according to an emailed statement Tuesday from her office.
"Terrorist organizations such as Hamas and Hezbollah have moved to Twitter instead of Facebook," Shaked said. "Through Twitter, the terrorist organizations promote terror and incite to violence, including public activity that they carry out without fear."